Non-GMO soybean prices have edged slightly higher hovering near $1.40 as a premium to the local cash prices. Merchandisers are telling The Jacobsen that activity in the space is beginning to pick up slightly. There appears to be a slight decline in the values that Merchandisers are seeing for non-GMO soybean meal which has slipped down to $110 over conventional, which is slightly squeezing the margins received by crushers. Non-GMO corn prices are stable and remain in the $0.10-$0.30 range over conventional prices.

Despite the continued uptick in supermarket sales across the US, there has been very little increase in prices. Supermarket sales during the past 6-months have seen a one month year over year sales increase of as much as 35% year over year to the low in August which was 9.5% year over…